Connect with us

Sports

Olympic Sprinter Usain Bolt has lost his retirement and lifetime savings of $12 million

Published

on

The sprinter discovered the money was missing from an account he had with Kingston-based investment firm Stocks and Securities.

Usain bolt was told that Only $12,000 was remaining in the account according to his lawyer Linton P. Gordon

“It’s distressful news for anyone,” Gordon said on Wednesday. “And certainly in the case of Mr. Bolt, who established this account as part of his private pension.”

Gordon said regulators have not communicated with him or his client. If Bolt does not see the money returned within eight days, Gordon said he plans to take the case to the Supreme Court in Kingston.

Jamaica’s Financial Services Commission on Tuesday said it had installed its own temporary manager at SSL, following reports of allegations of fraud that had earlier prompted the commission to put the bank under enhanced oversight.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *